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The disappointing view came as same-store sales declined 1.8% and the company reported increased spending for marketing efforts and labor costs. The second-largest U.S. auto-parts retailer after AutoZone Inc. (AZO) expects its performance will be hurt for the rest of the year by continued softness in colder weather markets and lower overall consumer spending on auto maintenance and parts, as well as spending to expand its commercial sales.

For the current quarter, the company forecast per-share earnings of $1.21 on revenue of $1.46 billion, below recent estimates of analysts polled by Thomson Reuters for $1.35 and $1.47 billion, respectively.

For the year, the company lowered its per-share earnings estimate to $5.05 to $5.15, from its prior estimate for $5.25 to $5.35.

Advance Auto Parts had been posting higher earnings as uncertainty over the strength of the economic recovery has pushed consumers to hold on to their cars longer. However, earnings turned negative in the second quarter as same-store sales also declined amid a significant slowdown in cold weather markets in the Northeast and Great Lakes regions.

The company plans to report its third-quarter financial results on Nov. 8.

Shares closed Friday at $68.43 and were inactive premarket. The stock down 1.7% this year.

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